Kenya Electricity Generating Company (KenGen) has shortlisted five consortia for the Olkaria geothermal project. The project involves financing, design, supply, construction, commissioning, operation and maintenance of the 140 MW Geothermal Olkaria power station at Naivasha, approximately 75kms northwest of Nairobi.
KenGen will be providing steam under a 25-year steam supply agreement while Kenya Power and Lighting Company (KPLC) will purchase the energy produced by the plant under a 25-year PPA contract. The Project will be developed through a special purpose vehicle incorporated under Kenyan Law. KenGen shall have the right to make a cash investment in the SPV constituting ownership participation of 25% in the SPV.
Country updates
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April 20, 2020
EAIF, Finnfund to structure US$30m debt financing for Kaptis hydropower plant project
Private Infrastructure Development Group (PIDG) company, Emerging Africa Infrastructure Fund (EAIF), has been appointed a joint mandated lead arranger (JMDA) of the US$30 million debt finance package...
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April 17, 2020
A.P. Moller Capital acquired 52.5 MW Iberafrica diesel-fired power plant project in Nairobi
A.P. Moller Capital has acquired the 52.5 MW Iberafrica diesel-fired power plant project for about US$62 million from Naturgy. The acquisition of the entire issued share capital of Iberafrica,...
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April 15, 2020
Ergon Solair secures FiT from EPRA for Kisumu Solar One project
Ergon Solair Africa Ltd, an affiliate of US-based Ergon Solair PBC, has secured the regulatory permit from the Energy Regulatory Commission of Kenya (EPRA) for the development of a 40 MW sol...
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March 31, 2020
Tembo, Metier signs JDA for the 14.7 MW Kaptis hydropower plant
Tembo Power has signed a Joint Development Agreement (JDA) with Metier, a private equity fund manager, together with its partner WK Construction for developing a 14.7 MW Kaptis hydropow...
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February 14, 2020
KenGen extends deadline for Olkaria geothermal project tender
Kenya’s state-owned power producer, Kenya Electricity Generating Company (KenGen), has extended the deadline for the request for qualification (RFQ) tender for the design, financing, supply...
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